Establishing a company in the Emirates at the lowest cost is an excellent investment step in one of the fastest growing economies in the world. The UAE is characterized by political and economic stability and a flexible business environment, which provides great opportunities for individuals and companies wishing to achieve success.

The UAE is known for its economic diversity, offering wide opportunities in diverse fields such as real estate, trade, financial services, technology, tourism and hospitality, and energy. In addition, the UAE has a developed infrastructure, flexible commercial laws and legislation, and a beneficial tax system, making it an ideal destination for business.

By starting a company in the UAE, you will benefit from government support and facilities available to foreign investors. Foreigners have the possibility of owning 100% of the company\\\’s assets in special economic zones and free zones. In addition, investors enjoy easy access to the local and regional market, and export to many countries in the Middle East and North Africa.

Establishing a company in the UAE is an exciting opportunity for growth and expansion in a dynamic and evolving market. You can benefit from a diverse business environment that encourages innovation and leadership. Do not hesitate to inquire and obtain assistance from the competent authorities and consultants to facilitate the process of establishing your company and ensure its success in the Emirates. Start now and get ready to embark on a wonderful journey of success and prosperity in this wonderful country.

Establishing a company in the Emirates at the lowest cost

How to create a company in the Emirates

Establishing a company in the Emirates at the lowest cost requires following several steps and legal procedures. Here are general steps for setting up a company in the UAE:

1. Choosing the type of company: First of all, you must decide what type of company you want to create, whether it is a sole proprietorship, a joint stock company, a limited liability company, or a free zone company.
2. Name selection and registration: Choose a unique name for your company, confirm its availability, and make sure it is not similar to other company names. Then register the name with the Department of Commerce and Industry or the relevant authority in the emirate in which you intend to establish the company.
3. Determine shareholders and directors: Determine who the company\\\’s shareholders and directors will be, their ownership percentage, and their roles in the company.
4. Locating the company: You may need to rent an office or work space to the company, depending on the type of company and your business requirements.
5. Preparing legal documents: Prepare the contracts and legal documents necessary to establish the company, such as the social contract and the contribution agreement.
6. Submitting the application and paying the fees: Submit the application to establish the company with the competent authority and pay the required fees.
7. Obtaining the necessary approval and licenses: After the application is approved, you may need to obtain additional licenses depending on the type of company and its activity.
8. Tax and social insurance registration: You may need to register with the competent tax and social insurance authorities.
9. Open a bank account: Open a bank account in the company’s name to manage financial matters.

Conditions necessary to establish a company in the Emirates

Establishing a company in the UAE requires compliance with a number of conditions and procedures. These conditions may differ between different emirates, but there are some general conditions that are usually common in all emirates, and they include:

1. Local partner: In companies established in the UAE, there is often a requirement to have a local partner who owns a certain percentage of capital. This depends on the type of company and local laws in the emirate in question.
2. Core Capital: The core capital of the company must be determined and paid in full on time. The amount of basic capital required can vary based on the type of activity and company.
3. Determine the type of company: Founders must determine the type of company they want to establish, whether it is a sole proprietorship, limited liability company, personal company, or other.
4. Submitting the required documents: You must submit a set of documents required to establish the company, such as official forms, passports, agreements, and legal authorizations if necessary.
5. Licenses and permits: The company may need to obtain specific licenses and permits from local authorities and relevant government agencies depending on the type of activity planned for the company.
6. Labor Recruitment: Companies must adhere to local labor laws and local hiring, and this can require providing employment opportunities to local citizens in some sectors.
7. Additional government approvals: A company may need additional government approval depending on the type of activity, such as approval from central banks or regulatory bodies for the financial or health industries.

The permits you need to establish a company in the UAE

When establishing a company in the Emirates , you may need to obtain several permits and licenses depending on the type of activity and industry in which the company operates, and these permits may differ between different emirates. Common permits you may need include:

• Company establishment permit (Commercial License): This permit is issued by the Department of Economic Development in the emirate, and allows the company to practice its commercial activities.
• Building Permit: If you plan to build a new building or modify an existing building to use as your company’s headquarters.
• Environmental Permit: If you work in a sector that requires compliance with environmental and sustainability standards.
• Health and Safety Permit: This may be necessary if your company operates in an industry that involves health or safety risks.
• Advertising Permit: If you plan to conduct advertising campaigns for your company.
• Work Permit: If you intend to employ employees from abroad, you may need a work permit issued by the Ministry of Human Resources and Emiratisation in the emirate.
• Security and Safety Permit: In some cases, you may be required to obtain a special security and safety permit.
• Food Permit: If your company works in the food and beverage sector.

Documents required to establish a company in the Emirates

Documents required to establish a company in the Emirates

In general, the documents required to establish a company in the Emirates may differ between different emirates and the type of company you wish to create, such as a national company, partnership company, limited liability company, etc. However, here is a general list of documents that may be required:

1. Application Form: It contains details of the proposed company such as the company name, type of activity, shareholders, and relevant directors.
2. Passport copies of shareholders and directors: Passport copies must be submitted for all shareholders and directors concerned with the company.
3. Memorandum of Association: It specifies the main purpose of establishing the company and the terms of membership.
4. Articles of Association: defines the precise details of company management and the rights and duties of shareholders and managers.
5. Certificate of Incorporation: proving the company’s registration as a legal entity.
6. Power of Attorney: If there are agents representing shareholders or managers in the incorporation procedures.
7. Lease Agreement: Proof of the legal address of the company\\\’s headquarters.
8. Specimen Signature Form: Contains the signatures of all shareholders and directors.
9. Certified Financial Report: May be requested in some cases.
10. Work Permit: If you intend to hire employees from abroad.

Costs of establishing a company in the Emirates

The costs of starting a company in the UAE vary based on several factors such as the type of company, business size, location, and services required. However, here is an overview of some of the expected costs:

• Company registration fees: consisting of company registration fees and licensing fees that must be paid to the relevant government agencies.
• Costs of Legal and Consulting Services: If you engage a legal advisor or accountant to assist in the company formation process, there may be costs for these services.
• Government office fees and additional services: Some services, such as authenticating documents or issuing permits, may require additional fees.
• Labor costs: If you plan to employ employees in your company, you need to consider the costs of salaries and social benefits.
• Office rental costs, insurances, and other services: If you need an office for your company, you will have office rental costs, labor insurance, telecommunications and Internet services, and other general services.
• Initial investment costs: Some companies may need initial investments in equipment, raw materials, or marketing.

Learn about setting up a company in the Emirates at the lowest cost

In conclusion, establishing a company in the Emirates at the lowest cost in cooperation with Itqan Company is an ideal opportunity for individuals and companies wishing to benefit from the country’s dynamic economic environment and achieve success at a low cost.

In cooperation with Itqan Company, you will be able to benefit from its diverse experience and services in the field of establishing companies. The company will provide comprehensive support and professional advice to help you choose the appropriate legal structure and establish the company at the lowest possible cost.

By using Itqan Company\\\’s services, you will enjoy many advantages by saving costs, such as providing legal services, preparing the necessary documents and procedures, providing the virtual office and logistical services, securing the necessary licenses and permits, in addition to accounting and auditing services.

By establishing your company in the Emirates at the lowest cost, you will have the opportunity to benefit from the growing economic environment and expand into the Middle East market and the world as quickly as possible. You will have complete freedom to expand your business and achieve sustainable growth.

Don\\\’t let financial worries stop you from achieving your dreams of starting a company in the UAE. Start now to cooperate with Itqan Company and benefit from its distinguished services to build a successful business at the lowest possible cost. Get ready to achieve success and prosperity in the UAE market and achieve your professional and financial ambitions.

Frequently asked questions about setting up a company in the UAE